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International Financial Reporting Standards (IFRS) provides for various methods for accounting for investments in other entities.  Other entities which are not consolidated may be classified as an “associate” per International Accounting Standard (IAS) 20, or a “joint arrangement” per IFRS 11, or an “investment entity” per IFRS 10.  In addition, IFRS 10 provides guidance for entities that are consolidated.  This course explores when it is appropriate to apply each of the accounting methods for investments in other entities, and the resulting financial statement implications.

Learning Objectives

  • Explore the equity method for accounting for associates that are “significantly influenced” by the reporting entity per International Accounting Standard (IAS) 20.  
  • Discover the proper treatment of joint ventures and joint operations per International Financial Reporting Standard (IFRS) 11. 
  • Recognize when an entity qualifies as an investment entity per IFRS 10, which precludes consolidation by the parent entity. 
  • Discover the principles of consolidation per IFRS 10.
Last updated/reviewed: June 01, 2018

Prerequisites

Course Complexity: Intermediate

No advanced preparation or prerequisites are required for this course.

Education Provider Information

Company:
Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact:
For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Course Syllabus
INTRODUCTION AND OVERVIEW
  1:35Introduction to Accounting for Investments in Other Entities, Including Consolidation, under IFRS
  3:29Associates And The Equity Method - Overview
  7:08Equity Method - Accounting Considerations
  3:36Equity Method - Reporting Considerations and Forthcoming Requirements
  3:47Joint Arrangements
  3:36Investment Entity Consolidation Exception
  7:40Consolidation Overview and Power to Direct Model
  3:58Noncontrolling Interest
  3:44Derecognition Special Considerations, Reporting Special Considerations, and Conclusion
CONTINUOUS PLAY
  38:32Accounting for Investments in Other Entities, Including Consolidation, under IFRS
SUPPORTING MATERIALS
  PDFSlides: Accounting for Investments in Other Entities, Including Consolidation, under IFRS
  PDFAccounting for Investments in Other Entities, Including Consolidation, under IFRS Glossary/Index
REVIEW AND TEST
  quizREVIEW QUESTIONS
 examFINAL EXAM